Earnings Per Common Share (EPS) (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings (Loss) Per Share, Basic and Diluted

The computation of weighted average shares outstanding and the basic and diluted earnings per common share for the three and nine-month periods ended September 30, 2024 and 2023 consisted of the following (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Net income	$	28,444	$	25,834	$	92,410	$	66,782
Average common shares outstanding		58,231		57,682		58,110		57,525
Basic EPS	$	0.49	$	0.45	$	1.59	$	1.16
Average common shares outstanding		58,231		57,682		58,110		57,525
Effect of dilutive stock awards		866		693		691		820
Effect of dilutive convertible notes		440		—		147		—
Total potential shares outstanding		59,537		58,375		58,948		58,345
Diluted EPS	$	0.48	$	0.44	$	1.57	$	1.14
Equity awards excluded as the impact was anti-dilutive (1)		448		1,242		821		1,091

(1) Does not reflect the impact of incremental repurchases under the treasury stock method.